NEDA chief: China is not PH’s only source of investment

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The Philippines has other “potential” investors for infrastructure projects, not just China, National Economic Development Authority Secretary Arsenio Balisacan said. | DYGalvezINQ

The NEDA chief said the Philippine government have been monitoring the progress of BRI projects, and if China would no longer support these, the projects could be opened to other countries.

“So if we see those projects, those China-funded or projects that are promised by China to be funded, [not pushing through] then we should open it up to other parties because we can’t wait. Those infrastructure programs or projects are needed, very critical for our economic operability,” he said. Balisacan, however, did not specify what countries could fund the projects if China will no longer support them. He said the administration is not looking at any particular country that could potentially fund the BRI projects.

“We do not identify exactly what these countries are but we are opening up these lists of projects to whoever would come in. We look at the terms. We look at the commitments to complete the projects,” he explained. “We look at the terms. We look at the commitments to complete the projects. Because the infrastructure flagship projects, we want to make sure these are all unrolled as the administration completes its term,” he further said.

 

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DYGalvezINQ Oh yeah, like who? Still, I will rather have no help at all than rely solely on China, that thieving bastard.

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